Do directors have to involve other companies in their recovery plan? | Business Solutions | Beesley and Company Insolvency Practitioners

FAQs - Recovery

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Do directors have to involve other companies in their recovery plan?

No, it is perfectly possible for a company to develop and instigate an in-house recovery plan without requesting another company to help design and implement it. However employing a third party to help generate a trading recovery plan, oversee its implementation and report on its progress may add expert knowledge together with a degree of transparency considered beneficial by creditors.

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